Elliott Wave Technical Analysis: Analog Devices, Thursday, Dec. 15

Analog Devices has been moving as expected from the previous update. Looking for a potential top in place as we could have started wave 2.

Analog Devices Inc., Elliott Wave Technical Analysis

Analog Devices Inc., (ADI): Daily Chart, December 15 2022, 

ADI Stock Market Analysis: It has been moving as expected from the previous update. Looking for a potential top in place as we could have started wave 2.

ADI Elliott Wave Count: Wave {v} of 1.

ADI Technical Indicators: Above all averages.

ADI Trading Strategy: Looking for longs on the pullback in wave 2.

TradingLounge Analyst: Alessio Barretta

Analog Devices Inc., ADI: 4-hour Chart, December 15, 2022

Analog Devices Inc., Elliott Wave Technical Analysis

ADI Stock Market Analysis: There is a possibility wave {v} is finished. Alternatively we can bein wave (i) of {v} and extend higher.

ADI Elliott Wave count: Wave {v} of 1.

ADI Technical Indicators: Currently using the 20EMA as support and the top in wave {v} has been made on RSI divergence.

ADI Trading Strategy: Looking for longs into wave {v} if we turn out to be in wave (i) of {v} or else we are looking for shorts.


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